Critical Illness Insurance: Your Best Friend in a Worse-Case Scenario

When the doctor says “I’m sorry, but the tests were positive”, there is a sinking feeling in the pit of patient’s stomach that is difficult to describe. After the shock dissipates, the patient then begins to wonder how expensive treatment is going to be and how much of it will be covered by his or her health plan.

A diagnosis is just the beginning of an arduous journey that may include many extra and unexpected personal and family expenses. Even though the odds of surviving cancer, a heart attack, or stroke are getting better, unexpected expenses that inevitably accompany those conditions can devastate one’s long-term financial well being.

That’s where Critical Illness Insurance can help. Upon diagnosis of a critical illness, the policy pays a single, tax-free, lump-sum benefit of up to $500,000 — directly to you. You’ll be able to use these funds as you see fit, regardless of what your other insurance may cover. Use it for deductibles, childcare, out-of-network medical costs, alternative treatment, lost income or just financial relief—items not typically covered by traditional health insurance.

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